Joint Venture24 Apr 2025, 12:44 pm
Samhi Hotels and GIC Announce Strategic Partnership for Upscale+ Hotel Investment Platform in India
AI Summary
Samhi Hotels Limited and GIC, a leading global institutional investor, have formed a strategic partnership to establish an investment platform for upscale and higher hotel assets in India. The partnership will be incubated with five of SAMHI’s hotels, which are located in high density office micro-markets in Bengaluru and Pune. GIC will acquire a significant minority stake in the underlying SPVs, which are valued at approximately INR 2,200 crores. The investment will be used for capital expenditure, future acquisitions, and to reduce leverage across hotels. SAMHI will manage all the operational and development assets in the platform.
Key Highlights
- Samhi Hotels and GIC form a strategic partnership for an Upscale+ hotel investment platform in India
- The partnership will be incubated with five of SAMHI’s hotels with more than 1,000 rooms
- GIC will acquire a significant minority stake in the underlying SPVs, valued at approximately INR 2,200 crores
- The investment will be used for capital expenditure, future acquisitions, and to reduce leverage across hotels
- SAMHI will manage all the operational and development assets in the platform